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Propetro Holding ( (PUMP) ) has provided an update.
On January 27, 2026, ProPetro Holding Corp. priced an upsized underwritten public offering of 15,000,000 shares of common stock at $10.00 per share, an increase from the originally proposed 12,500,000 shares, under an effective shelf registration. The company expects to receive approximately $141.9 million in net proceeds from the base offering, with an additional approximately $21.4 million anticipated after underwriters exercised in full a 30-day option to purchase 2,250,000 extra shares on January 27, 2026, with closing expected around January 28, 2026. ProPetro plans to use the capital for general corporate purposes, notably to fund growth investments in additional power generation equipment, a move that should bolster its capacity to serve upstream oil and gas clients and potentially strengthen its competitive position in North American unconventional resource development, while existing shareholders face equity dilution and the company agrees to a 60-day lock-up on further share sales.
The most recent analyst rating on (PUMP) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.
Spark’s Take on PUMP Stock
According to Spark, TipRanks’ AI Analyst, PUMP is a Neutral.
The score is held back primarily by weak profitability and a loss-linked valuation (negative P/E), partially offset by low leverage and improving cash flow. Technicals are the clearest near-term positive with strong price trend and momentum. Earnings/corporate updates support the PROPWR growth story, but completions-market headwinds and potential dilution temper the outlook.
To see Spark’s full report on PUMP stock, click here.
More about Propetro Holding
ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies focused on the exploration and production of North American unconventional oil and natural gas resources.
Average Trading Volume: 3,114,542
Technical Sentiment Signal: Buy
Current Market Cap: $1.16B
See more data about PUMP stock on TipRanks’ Stock Analysis page.